SERVICES OVERVIEW

Accounting Services

Terra Management Services stands ready to meet the accounting needs of your community association. Our professional accounting staff will do all the work for you. The result will be reliable financial statements and annual budgets that can be used by the Board of Directors to effectively assess the financial strength of the association.

Each month we will provide the Board with the financial information it needs in a simple, easy to
follow format. We will tailor your reports to meet the needs of your association. Our dedicated staff will be available to answer your questions and provide the information necessary to have a clear understanding of your organization’s financial position. Terra provides accounting services in the following areas:
Assessments:
• Maintaining assessments rolls
• Invoice or coupon billing
• Collection and deposit of assessments into bank accounts
• Oversight of collection and lien filing

Accounting:
• Preparation of monthly financial statements
• Preparation of yearend financial statements for distribution
• Supporting financial reports including cash receipts and cash disbursement registers
• Accounts Receivable
• Accounts Payable
• Bank Reconciliations
• Annual operating budget preparation and distribution

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